The Palermo Foundation Inc
- Assets
- $296.0k
- Revenue
- $47.2k
- Investments
- $296.0k
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 02-0548845
Organization Overview
The Palermo Foundation Inc is located in Garden City, NY. The organization was established in 2003. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palermo Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH TO FIND NEW TECHNOLOGIES FOR FERTILITY TREATMENTS.
INCREASING THE AVAILABILITY OF INFORMATION FOR HOPEFUL PARENTS AND THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gianpiero D Palermo MD Director, President | 10 | $0 | |
Anna M Boutzalis CPA Director, Treasurer | 0 | $0 | |
Rocco Iacoviello ESQ Director, Vp/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,073 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,844 |
| Capital Gain Net Income | $42,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,748 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $638 |
| Total operating and administrative expenses | $10,361 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31 |
| Total assets | $296,031 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,181 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $163,045 |
| Total liabilities | $171,226 |
Grants Awarded
Over the last fiscal year, The Palermo Foundation Inc has awarded $1,605 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: EDUCATIONAL | $1,500 |
VARIOUS CHARITABLE DONATIONS PURPOSE: EDUCATIONAL | $105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Next For Autism Inc New York, NY | $6,631,395 | $5,308,625 |
Concussion Legacy Foundation Inc Boston, MA | $3,551,616 | $2,699,860 |
Institute For Healthcare Optimization Inc Bedford, MA | $196,720 | $732,903 |
Foxg1 Research Inc Sands Point, NY | $2,520,850 | $2,803,193 |
Thanc Foundation Inc New York, NY | $5,679,438 | $1,339,976 |
Riaan Research Initiative Inc Oakland Gardens, NY | $1,140,975 | $1,515,797 |
Heart Valve Collaboratory Inc New York, NY | $181,917 | $300,000 |
Metco Directors Association Mattapan, MA | $43,534 | $0 |
American Acne And Rosacea Society Montclair, NJ | $643,788 | $177,478 |
Mho Research Foundation Inc New York, NY | $289,774 | $80,414 |
Association Of Professional Researchers For Advancement Waltham, MA | $199,920 | $0 |
Multiple Sclerosis Research Institute Philadelphia, PA | $453,092 | $0 |